ON Semiconductor (ON) Price Target Increased Following Synaptics Deal
Published on · Source: investing.com
AI Summary
Summarized by AI from the source belowNeedham has raised the stock price target for ON Semiconductor (ON) following the recent acquisition of Synaptics. The specific new price target was not disclosed in the article, however, this development reflects confidence in ON's growth potential following the strategic move. Analysts believe this deal may enhance ON's competitive positioning within the semiconductor industry. Such revisions in price targets can influence market sentiment and trading behavior for ON shares.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ON Semiconductor Corporation (ON)
ON Semiconductor makes power and sensing chips for automotive and industrial uses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ON news
- Sandisk, On Semiconductor, Rocket Lab Stocks Making Big Moves
- Synaptics (SYNA) Rating Downgraded Following ON Semi Acquisition
- ON Semiconductor (ON) Downgraded by TD Cowen Amid Acquisition Concerns
- ON Semiconductor (ON) Announces $7 Billion Synaptics Acquisition
- ON Semiconductor (ON) Files Form 144 on 10 June 2023
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